Again, you’re suggesting that ANY raise to the minimum wage done in ANY way would be catastrophic somehow. That’s so ridiculous. Yes, if we raised the minimum wage to $20 per hour TOMORROW, it would be catastrophic. That is a far cry from what I am suggesting though. You’re also right that under that scenario that struggling businesses couldn’t handle the raise and would go under. My response is “so be it” because raising the minimum wage is crucial in trying to alleviate poverty. No solution doesn’t have drawbacks.
Raising the minimum wage, more welfare, whatever, has done NOTHING to lower the rate of poverty since Socialist Lyndon Johnson started his War on Poverty and "Great Societ".
The War on Poverty: 50 years of failure
Sep 23rd, 2014
COMMENTARY BY
Robert Rector
Senior Research Fellow
Robert is a leading authority on poverty, welfare programs and immigration in America.
This year marks the 50th anniversary of President Lyndon B. Johnson's launch of the War on Poverty. In January 1964, Johnson declared "unconditional war on poverty in America." Since then, the taxpayers have spent $22 trillion on Johnson's war. Adjusted for inflation, that's three times the cost of all military wars since the American Revolution.
Last year, government spent $943 billion dollars providing cash, food, housing and medical care to poor and low-income Americans. (That figure doesn't include Social Security or Medicare.) More than 100 million people, or one-third of Americans, received some type of welfare aid, at an average cost of $9,000 per recipient. If converted into cash, this spending was five times what was needed to eliminate all poverty in the U.S.
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The War on Poverty: 50 years of failure
My accent above.